The Monterey housing market is very competitive. The median sale price of a home in Monterey was $271K last month, up 10.6% since last year. The median sale price per square foot in Monterey is $121, down 19.8% since last year.
What is the housing market like in Monterey today?
In October 2024, Monterey home prices were up 10.6% compared to last year, selling for a median price of $271K. On average, homes in Monterey sell after 8 days on the market compared to 15 days last year. There were 9 homes sold in October this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$271,000
+10.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Monterey, VA
$271,000
+10.6%
United States
To compare other locations to the Monterey and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Roanoke add value to a home.
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How hot is the Monterey housing market?
Monterey is very competitive. Homes sell in 8 days.
0
100
88
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 8 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Monterey housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Monterey.
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Monterey has a moderate risk of flooding. 144 properties in Monterey are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Monterey. Flood risk is increasing slower than the national average.
98% of properties are at risk of wildfire over the next 30 years
Fire Factor
Monterey has a moderate risk of wildfire. There are 1,132 properties in Monterey that have some risk of being affected by wildfire over the next 30 years. This represents 98% of all properties in Monterey.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Monterey has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Monterey is most at risk from hurricanes. 1,147 properties in Monterey have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 60 mph.